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That is for September YTD, not the quarter. You need to work on your DD.
You are correct Ranger. I just wanted to give a heads up that not much had changed so there is no need to get excited about it. I shared the link since it is the newest iteration out there.
New TRULIEVE Investor Deck February 2020
Doesn't look like much has changed since the January Deck.
https://investors.trulieve.com/static-files/237730f9-3466-4904-a9cb-02ff98e749b2
Thank Snap. I did not catch the piece about profitability in Connecticut during the conference call. Thank you for sharing. I guess I am out of ideas as to why they haven't taken another baby step into a new state, besides just not finding the right company to buy.
Your comment about Connecticut makes me wonder if it is a profitable state. I don't expect a profit margin breakout by state, but I am curious if they are hesitant to make the move into small states because of a lack of profitability or a longer ROI which does not meet their standards.
I am right with you waiting for the $9s. I am happy this stock has found a base, but we need some positive PR to move this stock (ie expansion). The weekly reports from the OMMU showing a steady hold on the FL market isn't doing it. I can only assume the earnings wont move the needle either, since revenues can be easily estimated.
They have been patient in finding the right market to get into, so unless they are expecting a further collapse in MJ companies this year, I am wondering what is keeping them from dipping their toes into 1 more state.
Massachusetts is close to up and running, and the state of California doesn't have much going for it. Once Massachusetts is fully operational, they will be at a stand still in expansion, while sitting on a huge war chest.
Thanks for posting. This is a great response.
Time for the shorters to scream about how everything is rigged...ugh. I am glad they have until Monday to issue the proper numbers
I found where they list total sales for the state by day. Most data sets are aggregate beginning in 2018, but you can extrapolate for whichever period of time you want. It isn't as detailed or nicely laid out as Florida, but with some market share estimations a ballpark total for Trulieve will be estimable.
https://opendata.mass-cannabis-control.com/stories/s/Sales-and-Product-Distribution/xwwk-y3zr
You beat me to the punch. I was thinking between 80m - 83m. But basically we have the same outcome. I keep expecting some regression in their % of Florida market share and it just doesn't happen. I am really hoping they can take a 10-20% market share in Massachusetts next year and find some more states to develop.
Thanks for posting!!
Great news! It is amazing that even with tough market right now, Trulieve was able to secure similar terms as the last offering. Minimal dilution is always a welcomed sight. Management is doing a great job looking out for the shareholders, and they still have $100m available from the shelf if the need arises.
As long as they don't go heavy into the dumpster fire of California I will be happy.
Thanks. I had only seen the press release which didn't show the extra details. I agree that this stays in line with the previous offering and assuming there aren't too many extra warrants per unit offered this should be very positive for Trulieve.
Now we sit and wait to see what they will be spending on. They have been compiling thier war chest for many months now.
Where did you find the details to the latest offering? None of the articles I have seen show the number of warrants or the strike price.
Always a good sign when upper management is buying!
Unless it is Medmen...that purchase turned into a blood bath.
The revenue growth stated in Trulieve's August investor deck estimates $220m in rev this year and $380m in rev next year. Simply Wall Street has some bad information.
Please go back to your highly speculative penny stocks chasing cryptocurrencies. Your posts are not informative nor relavent.
And commenting about BoA, it hasn't been below $3 since the 1980's. I didn't research if there are split involved in the current charts to bring it below $3.
Are moderators able to boot this guy?
The Dillard's connection is for CBD. Trulieve focused on cannabis so they can't partner with chain stores.
It is wild to watch the manipulation in action. The good news is that the company has solid financials. It is just a matter of time before the stock catches up to the company performance. Unfortunately it is going to take a lot long than I would have hoped.
I never thought to check if all the previous EPSs were IFRS or non IFRS accounting historically. But the biological assets really skew those numbers this quarter.
The .66 EPS is based on IFRS so it takes into account the Fair Value Adjustment on Growth of Biological Assets. I didn't see a an EPS adjusted more inline with GAAP reporting. I am guessing it would be .17 - .18 EPS for the quarter and .32 YTD, but don't quote me on that.
Twitter says VFF is on tonight.
https://twitter.com/MadMoneyOnCNBC/status/1161681243932676097/photo/1
The over all market being down 600 doesn't help our cause.
Ha ha ha...I am bored with Burnette speculation.
Any thoughts on this perpetual decline being driven by large financial firms upset that Trulieve isn't issuing massive shares for dilution? It seems that Trulieve is growing slowly and sustainably, which is cutting the financial backers out of profits. With the $250m shelf hanging out there, could these large firms be driving Trulieve into the ground to force unfavorable terms if/when dilution is deemed necessary?
We saw the $70m financing come through at very favorable terms. Did this piss some people off?